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Performance Metrics for any Construction Project

2 replies [Last post]
Wed, 2007-09-12 03:19
Devamalya De
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Dear All,

Can you please share your views as to what should be the ideal performance metrics (monthly as also quarterly) for a typical construction project (say real estate), viewed from the client’s side and constractor’s side separately?
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Replies

Wed, 2007-09-12 06:11
#1
Vladimir Liberzon
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Unfortunately using EV metrics for work estimation motivates people to do expensive works first. EV does not consider if the value was earned on critical or non-critical activities. It works saticfactory only in very large projects. But in any case EV data are nice to have and analyze. We recommend to do Earned Value Analysis but estimate project performance using other tools.
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Wed, 2007-09-12 03:42
#2
James Griffiths
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Hi Devamalya,

In my professional experience, using Earned Value is probably one of the best ways of measuring project performance. This can be done on a weekly, monthly or whatever other time-interval you choose. Done properly, it is near totally objective (using man-hours or $ values) and does not rely on anyone’s subjective emotion or perception.
It’s not complicated. It is just detailed....and once you have set-up the data, and assuming it is correctly updated, it provides some very real benefits. Like any other methodology, though, its integrity is entirely down to the people who operate it.

The thing about EV, is that it is an entirely different mind-set from the conventional methodologies. People have to forget about measuring performance on the basis of floor, walls, roof, electrics, plumbing etc. The work is the work. It’s value (therefore its proportion of the project as a whole) is in accordance with the cost of doing the work, and will be measured as such in terms of project progress.

There are many threads in PP that offer a variety of performance metrics, so a good search should raise some interesting points.

HTH.

James.
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